Oireachtas Joint and Select Committees

Thursday, 7 December 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion

9:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

Is that directly from the banks? The Central Bank is carrying out an investigation at the moment. It seems unusual that two institutions of the State that are doing the same work and ultimately want to get the best result for the consumer are doing it separately. The Central Bank is effectively carrying out a trawl of the banks with regard to the cohort of people who are impacted by trackers. Of that 540, Mr. Deering's understanding from the Central Bank is that only 80 of those are deemed to be in that cohort. Is that correct?

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